Nigeria: If Anybody Says He Is Subsidizing Anything, He Is A Fraud – Buhari

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Nigeria: If Anybody Says He Is Subsidizing Anything, He Is A Fraud - Buhari

Shortly after winning the elections in 2015, President Buhari granted an interview in which he said “anyone who says he is subsidizing anything is a fraud.” He went on to ask the question “who is subsidizing who?” After all this venting and grand-standing, Nigerian were shocked to hear that the federal government was subsidizing fuel to the tune of N5.84 per liter.

Nigerian are quick to ask the same question Buhari asked – Who is subsidizing who? NNPC now has a monopoly of fuel importation so who is benefiting from the subsidy and where is the fund for the subsidy coming from?

Responding to the reaction from Nigerians, the acting executive secretary, Petroleum Products Pricing Regulatory Commission, PPPRA, Sotonye Iyoyo said that there was no going back on the subsidy removal. According to her, the difference between the landing cost of petrol and the retail price of N86.50k is N5.30k since the real cost is N91.80k.

From this explanation, it is clear that the government is supposedly paying that difference of N5.30k. We therefore do not understand her statement that “there is no going back on the removal on fuel subsidy removal.” It is not clear if this is an attempt to confuse Nigerians or an attempt to explain that which cannot be explainable.

The federal government should learn to be truthful with Nigerians especially since president Buhari categorically said “if anyone says he is subsidizing anything, he is a fraud.” President Buhari is the minister for petroleum so he is either a fraud himself or he is simply confused. The government is either subsidizing or not subsidizing. There can be no middle ground or gray areas. Someone is supposedly bearing that N5.30k cost.

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Adepoju Adekola
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Video Tutorials PW
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Cool

Lawrence Erukaye
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pmb is a fruad star

Fred Ayogu
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Confused people

Ehiorobo Sylvester
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Buhari is a fraud!!

Anderson Ojoshimite
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Boomerang! Is Buhari now part of the fraud?

Video Tutorials PW
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Interesting 🙂

Chido Cut
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confuse

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